Joint Venture to Acquire Land and Develop Luxury Condominium Project

International Real Estate Developer
Representation of international real estate developer in connection with a complex joint venture with two private equity firms and multiple tiers of investors and entities to contribute $140 million of equity and obtain additional financing to develop a luxury two-tower condominium project with nearly 500 units in Sunny Isles Beach, Florida. Our representation included tax structuring, as well as negotiation of a joint venture agreement, development and construction management agreement, and an exclusive listing agreement for the developer.
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
Representation of the Official Committee of Unsecured Creditors in the chapter 11 case of Poinciana Development, a developer of more than 500 single family homes in Southwest Miami-Dade County, Florida, who ran out of construction financing and was unable complete the development of the last 34 home...